Calculate net income. 2015 2014 2013 net income

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Reference no: EM131090519

Vertical analysis (common size) percentages for Kochheim Company's sales, cost of goods sold, and expenses are shown below. Vertical Analysis 2015 2014 2013 Sales 100.0 100.0 100.0 Cost of goods sold 53.2 55.5 59.3 Expenses 20.1 20.1 20.1

a) Calculate net income. 2015 2014 2013 Net Income

b) Did Kochheim's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Answer:

Reference no: EM131090519

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